Commercializing Residential Property

May 07, 2016 by Admin

Commercializing residential property. Do you want to convert your house or a bungalow to a bread and butter earning piece? Do it surely by converting a residential property into a commercial one, or in other words, commercializing residential property. Let us explain you how to do it, the procedure is exemplified:

Visualize the change

First of all, the most important part is the zoning. Have a look at the area in which you have the commercializing residential property. Just visualize for a moment what will be the condition of the property once it is commercialized. What impact it will make to the neighbors around? First answer these questions to yourself and then head on.

Permissions required

Well, without the permission of the local municipal and town authorities, you can’t make any change obviously. Inform the local town authorities in writing and explain them the proposed changes, in writing or by meeting the authoritative officers personally. This will allow the officers to understand the purpose of change and would facilitate them in taking a decision.

commercializing residential property

 

Call the experts

Well it may be a bit costly to call experts, but it will certainly save a lot of your time, cognitive energy and financial worth as well. Call some experts like an architect and a town planner and discuss your plans with them and know if the change you want to make is feasible or not. The architect can also suggest you some tips which may even not be in your mind. So consulting experts is the premium way to do it.

Compulsory changes

In most cases, you may need to demolish the entire structure and then build a new one on it. On some instances, it may happen that you don’t need to demolish the entire structure and just make appropriate changes in the structure of the building. But a much compulsory change is the inclusion of a parking lot. That’s probably the biggest and most important change required.

The parking should be vast enough to accommodate a good number of cars. The parking should be properly lighted. The type of building would also require some changes as regard to fire resistance such as installation of better quality fire extinguishers and sand buckets. The distance between two buckets and extinguishers should also be according to laws.

Some other changes may also be needed to make. Some of them are:

  • A proper exit and entrance way should be generated.
  • A proper waiting area is a necessity.
  • New exhaust fans must be installed.
  • Air conditioning system must be revised and should preferably be changed to centrally air conditioned system.

The overall process can be summarized in following steps:

  • Take proper permissions and fulfill legal requirements.
  • Consult experts
  • Make appropriate changes.

These changes would allow you to convert your residential property for sale into a commercial one in a very convenient way and easily commercializing residential.

About Author

Ammad Ashique is an expert of real estate marketing and also has passion to write about real estate investments, real estate marketing and real estate tips and guides. Follow him on Google +.